Demand is still strong within China but growth was exceptionally strong last year. That year-on-year growth is narrower is not a surprise.
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As we go forward, geopolitical issues won't go away over night, but we wouldn't have got to oil at 60 plus without a lot of other factors.Lawrence Eagles
Describing the Saudi action as a totally shocking move ... The Saudis are stamping their authority on the world oil market, but at the expense of relations within the cartel and the Middle East.
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El Nino is definitely developing into the strongest event we've had in a long time, possibly in this century.
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There were a few signs overnight that, although clearly tensions are rising, there is a window of opportunity for some peace settlement over the next three days.
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